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Alibaba initiates process to set up team in India

In a sign of things to come, Chinese e-commerce giant Alibaba has begun the process of setting up a team in India to look at merger and acquisition (M&A) opportunities. According to a report in The Hindu Business Line, Alibaba has...

Jugnoo raises $10 mn in funding round led by Paytm

Jugnoo, the auto-rickshaw aggregator and hyper-local delivery firm, has raised $10 million in series B funding led by Paytm, the mobile payments and commerce platform. The list of other investors includes names like Snow Leopard and venture capital firm...

Paytm to expand online travel business to drive more traffic

Paytm, the payment aggregator, has decided to expand its online travel business aggressively by branching out into rail, road, airline and tour bookings as it looks forward to drive more traffic to its portal that is largely payment driven. For...

Paytm registers 122 million active users in one year

One of India's largest electronic payment platform, Paytm has reported a five fold rise (122 million) in the number of active users in one year. Ant Financial, the Alibaba Group affiliate, took 25 per cent stake in One97, which was...

Paytm to launch payments bank in August

Paytm, India’s most prominent online payment service provider, is planning to launch its payments bank in August with 20 million account holders. Paytm has already received a payments bank licence. The bank will be a new entity, where 51 per...

HUL to rent out warehouse to push sales online

Hindustan Unilever Ltd (HUL) will soon rent out its New Delhi master warehouse to the online sellers at a subsidized rate to store their products. This would be beneficial for HUL too, as the e-commerce sites will promote their...

Flipkart's eKart to handle delivery for Paytm

Flipkart plans to open up its logistics services arm to third-party merchants and in this regard, has joined hands with Paytm to deliver goods through eKart, its logistics arm. This move is expected to establish eKart as an independent business while reducing...

Paytm in talks with Yatra, may pick up stake

India’s largest mobile commerce platform, Paytm is looking forward to buy a part of Yatra.com the travel agency. Sources of TOI said Paytm is planning to enter in travel business and is hence holding round of talks with the...

LPU goes cashless with Paytm

Paytm, the country's most reliable e-commerce and mobile payment portal has provided a cashless solution to Lovely Professional University (LPU) in Jalandhar. Counted among the largest single campus universities in India, LPU has around 25000 students, 3500 faculty and staff....

Paytm opts for exclusive deals with merchants

Paytm, the payments platform, has decided to opt for direct deals with the merchants. The company has been sending termination notices to various payment aggregators like PayU, Citrus, Justpay, Ezetap and others. This means merchants have to complete the entire...
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Emami to expand male grooming play with Smart and Handsome, aims Rs 1,000-cr revenue in 3-4 yrs

The Kolkata-based firm has rebranded its 'Fair And Handsome' as 'Smart And Handsome' to expand appeal among millennials and...
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